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Mobile Application Development Platform (MADP) Market 2019-2023: Key Findings, Global Trends, Regional Study, Emerging Technologies and Future Prospects

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Mobile Application Development Platform (MADP) Market 2019-2023: Key Findings, Global Trends, Regional Study, Emerging Technologies and Future Prospects

August 29
11:54 2019
Mobile Application Development Platform (MADP) Market 2019-2023: Key Findings, Global Trends, Regional Study, Emerging Technologies and Future Prospects

Mobile Application Development Platform (MADP) Market
Global Mobile Application Development Platform (MADP) Market is expected to generate a market value of USD 14 billion by 2023 growing at a 22% CAGR during the forecast period 2018-2023

Mobile Application Development Platform Market Overview:

The adoption of mobile applications enhance user experience and facilitates customer relationship management which is one of the driving factors of the mobile application development platform market. According to the recently published report by MRFR, the global mobile application development platform market will grow saliently throughout the projection period 2016 to 2022.

The extensively growing demand for smartphones has escalated the growth in The Mobile Application Development Platform Market by creating a consumer base. The factors that can be credited for the expeditious market expansion are adoption of cloud technology, Bring Your Own Device (BYOD) culture, etc.

The adoption of the technology by business enterprises is mainly because of the factors such as operational efficiency, enhanced user experience, convenience, two-way communication, etc. However, the restraints to the market such as limited flexibility, security concerns, etc. will restrict market growth during the assessment period.

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Major Key Players:

The global competitors in the sector are Oracle Corporation (U.S.), Globo (U.S.), EchoStar Corporation (U.S.), Kony Inc.(U.S.), Progress Software Corporation (Germany),  ViaSat Inc. (U.S.) and IBM Corporation (U.S.).

Detailed Regional Analysis

The region wise analysis of the market includes regions such as Europe, Asia Pacific, North America and the rest of the world. The Asia Pacific region is controlling the sector for development platforms for mobile applications with the market share increasingly steadily. Owing to high availability of relatively cheap tablets and smartphones coupled with an emerging trend of using digital technology in regions such as India and China fuelled by the increasing foreign investments.

The region thereby accounts for considerable millions and is anticipated to develop over expectations in the forecast period. Meanwhile, the mobile application development platform sector in the North-American market is projected to expand at an encouraging CAGR per cent as compared to the CAGR per cent in 2016while also simultaneously amassing significant revenues in the forecast period. The European region for the cloud gaming market is estimated to grow at a compelling CAGR in the forecast period.

Industry Segments:

  • By deployment the global mobile application development platform market is segmented into cloud, and, on premises. The cloud segment is further sub-segmented into public, private, and, hybrid.
  • By end-user, the global market for mobile application development platform has been segmented into Strategic Business units (SBUs), and, large enterprises.
  • By verticals, the market is segmented into healthcare, retail, transportation & logistics, telecom, and, others.

Global Competitive Analysis:

The merchandise that are being provided presently vary greatly because of the rationale of the robust pace of technological discoveries. This consequence is productive for companies so they can aim to maintain their commercial enterprise’s liquidity to take the most effective decisions in terms of strategy execution and designing. The profitable situations accessible in this market are being utilized by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The businesses in this trade area are combining their resources to attain their vision for achieving a substantial portion of the business as early as possible. This has raised the possibilities for the approaching growth period significantly.

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Industry Updates:

Feb 2018 Kony, Inc., which has established its reputation as an important industry apps provider and low-code platform for speeding up digital transformation, recently announced it has been designated by Partners Federal Credit Union (FCU) as a strategic partner for its “Digital 2x” initiative. The Partners FCU “Digital 2x” initiative concentrates on fast-tracking the provision of new digital banking facilities and providing a distinguished digital experience to better meet member expectations. Kony is a familiar leader in the enterprise mobility space. Lately, Kony was also titled the only Leader in the Gartner Magic Quadrant for Mobile App Development Platforms Report for five consecutive years.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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